🇸🇬 China’s AI startups heading to Singapore

While most companies strive to associate themselves with generative AI today, Nintendo has stated that it has no intentions to use it yet.

Their main concern may also be the success factor of the game development industry.

That is intellectual property and brand creation.

Without ownership to the “original” assets, it’s no surprise that the company is hesitate to jeopardize its real value for simply cost-savings and efficiency purposes.

Valid point?

AFFECT YOU AND ME

▶️ You can now request Youtube to move AI content simulating your face or voice

YouTube has introduced a policy allowing individuals to request the removal of AI-generated content that mimics their voice or appearance.

This policy, part of YouTube's responsible AI practices, requires affected individuals to report such content as a privacy violation.

YouTube assesses each complaint independently, considering factors like the content's nature and its potential impact on public figures or sensitive scenarios.

🇸🇬 China’s AI startups heading to Singapore

Chinese AI startups are increasingly relocating to Singapore to overcome challenges faced in their home country and pursue global growth opportunities.

Tabcut, founded by Wu Cunsong and Chen Binghui, exemplifies this trend, having moved from Hangzhou to Singapore in March 2024.The migration is driven by several factors like better access to global investors and customers and Elevated geopolitical tensions deterring international firms from China.

The move highlights Singapore's growing importance as a hub for AI innovation and its ability to attract talent from neighboring countries.

🎙️ ElevenLabs brings back the legendary voices

ElevenLabs has introduced iconic voices to their Reader App, allowing users to listen to digital text narrated by legendary stars like Judy Garland, James Dean, Burt Reynolds, and Sir Laurence Olivier, thanks to partnerships with their estates.

This innovative feature enables users to experience their favorite books and articles voiced by these iconic actors.

🕹️ Nintendo has no intention to use gen AI

Nintendo has announced it has no plans to use generative AI in its game development process. The company's president Furukawa, stated that while AI and game development have always been closely related, Nintendo recognizes the intellectual property issues associated with generative AI.

Furukawa emphasized that Nintendo's strength lies in its decades of experience in creating optimal gaming experiences. The company aims to continue delivering unique value that "cannot be created through technology alone".

This stance contrasts with other major gaming companies like Electronic Arts and Take-Two, which are more open to incorporating generative AI into their development processes.

AI INSIDER

💰Goldman challenges ROI of Gen AI

Goldman Sachs has published a report examining whether the large spending on AI infrastructure by tech companies will ultimately pay off.

1. Tech giants and others are set to spend over $1 trillion on AI capex in coming years, but so far have little to show for it in terms of returns.

2. Some experts like MIT's Daron Acemoglu are skeptical about AI's economic potential, forecasting only a 0.5% increase in US productivity and 1% increase in GDP over the next decade from AI.

3. Goldman Sachs economists are more optimistic, estimating AI could boost US productivity by 9% and GDP by 6.1% cumulatively over the next decade.

4. Chip and power supply constraints may limit AI growth in the near-term. Significant grid infrastructure investment is needed to support rising power demand from AI data centers.

🦄 AI startup reaching unicorn status with zero revenue

AI coding startup Magic is in talks to raise over $200 million in a new funding round that would value the company at $1.5 billion, tripling its valuation from just a few months ago. 

Despite only being founded in 2022 with around 20 team members and having no revenue or products for sale yet, Magic has attracted significant investor interest. 

Magic aims to use the funds to improve its AI models for handling larger amounts of data efficiently. The company is working towards creating AI systems that can autonomously design and develop entire software applications without human intervention.

📝 China leading the AI patent game

China is leading the global race in generative AI patents, filing six times more patents than the United States over the past decade.

According to a UN report, China submitted over 38,000 generative AI patents between 2014 and 2023, compared to 6,276 from the US.

Chinese patent filings cover various sectors, including autonomous driving, publishing, and document management. South Korea, Japan, and India follow in the rankings, with India showing the fastest growth rate.

🦾 First Robots-as-a-Service (RaaS) deployment

GXO Logistics and Agility Robotics have signed a groundbreaking multi-year agreement to deploy humanoid robots in logistics operations.

1. GXO will deploy Agility's bipedal Mobile Manipulation Robot (MMR) called Digit in their warehouses.

2. The robots will be integrated with existing automation, including Autonomous Mobile Robots (AMRs) at a SPANX facility.

3. Digit robots will assist with repetitive tasks like moving totes from cobots to conveyors.

🧐 AI model evaluation by third-party ecosystem

Anthropic has launched an initiative to fund third-party evaluations of AI models, aiming to address the limited current evaluation landscape.

The initiative focuses on developing advanced capability and safety metrics, improving multilingual evaluations, and assessing societal impacts, cybersecurity, and national security risks.